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Seeking to reverse a downturn in oil prices that began in 2014. OPEC. Russia and other allies decided in late 2016 to reduce supply.
Read More »OPEC. Non-OPEC Compliance with Supply Cuts was 129 Percent in August
U.S. Sanctions on Iran will Disable Iraq
For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.
Read More »Oil Rise on Supply Concerns before OPEC and other Producers Meet
U.S. President Donald Trump increased pressure on OPEC to ``get prices down now!``
Read More »Azerbaijan will Participate in Meeting of Ministers of OPEC+ States
At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.
Read More »Russian Oil Output Jump to a New Record before OPEC Talks
Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.
Read More »Trump: OPEC `Monopoly` must Get Prices Down
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices.
Read More »US Can`t Pursue New Treaty With Iran After Violating Nuclear Deal
In May.Trump announced his country'.s decision to leave the Iran nuclear agreement and reimpose sanctions against Tehran.
Read More »Iran will Oppose any OPEC Decision Threatening its Interests
Two OPEC members are looking to damage the group and undertake policies against Tehran for the US.
Read More »US Propylene Inventories at Seven-Year Low
Stocks of propylene for non-fuel use fell by 1.02 million barrels to 1.787 million barrels for the week ending September 14.
Read More »Oil Prices Slip as U.S.-China Trade War Darken Demand Outlook
The tariffs are likely to limit economic activity in both China and the United States.
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